FX swaps price discovery challenges buy side, says Vanguard
Lack of transparent price validation data for FX forwards and swaps is holding back buy side, Vanguard’s head of FX says
Market participants desire more transparency when it comes to price discovery and mechanisms in benchmarking foreign exchange swaps and forwards markets, said panellists at the New York Federal Reserve’s FX market structure event.
Traders and market venues have been exploring new ways to formulate an electronic FX swaps price discovery venue, but progress has been slow.
“If you are a trader trying
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